With crypto, the adage “it takes money to make money” is untrue. Here are a few free methods to get one’s portfolio off the ground.
- Users can utilize DeFi systems to earn cryptocurrency even without having to spend any money.
- By checking, analyzing, and producing brand designs and other content, cryptocurrency they can earn tokens.
- A great place to start is by contributing one’s expertise to cryptocurrency initiatives.
How to get Started?
It’s only sometimes necessary to open a bank account or use fiat cash to buy Bitcoin and Ether to begin investing in cryptocurrencies. Doing numerous jobs on different Web3 platforms is a different approach to generating cryptocurrencies and expanding the portfolio.
Users can earn bitcoin and exchange, sell, or hold it in centralized or decentralized wallets via decentralized applications and decentralized finance (DeFi) platforms without spending money.
Interact with Web3 browsers
Downloading wallets and carrying out on-chain transactions could be intimidating to someone without cryptocurrency experience. Technology is an alternative, and many methods exist to experiment with various crypto platforms. One is switching to a Web3 rival browser in place of Web2 technology.
Google is the industry leader in web browsers and search engines, and it makes money by selling user data to marketers. Users of the Brave browser can use it as an alternate platform to search while earning Basic Attention Tokens (BAT).
To give consumers a more decentralized search experience, Brave does not fund search engine posts, and users earn money from their participation on advertisers’ websites. Presently, 70% of Brave’s advertising money is split among users, and some users choose to sell their earned BAT on centralized exchanges or through Web3 wallets like MetaMask.
Social Media Content Creation and Free NFT Mints
To research the wallet addresses of successful NFT investors who generated high-value NFTs and to look for free NFT minting and whitelist opportunities, prospective cryptocurrency investors can use various free tools.
Colin Helm, the CEO of a platform for free-to-play metaverse games, emphasized the importance of free NFTs in the market, saying that “users may always find plentiful raffles, acquire some assets that improve their gameplay experience, and build their crypto portfolio just by playing games they may enjoy.”
Several individuals who took advantage of the free minting method produced NFTs until the price eventually dropped to a floor of 10 ETH. New blockchains and protocols need to undergo extensive testing and build up a user community to guarantee sustainable growth when launched, much like NFTs need a social media following for advertising.
Social activity-based airdrops may be a more straightforward way to earn cryptocurrency for consumers who lack the technical expertise to use new blockchains. Users may be required to follow, like, and share specific accounts on social media to receive social airdrops. To receive social airdrops, users will probably need to use a decentralized wallet like MetaMask.
Bug Bounties and Beta Tests
Tokens have been set aside for marketing, bug-finding, beta-testing, and content development chores by numerous crypto and DeFi initiatives. Many cryptocurrency investors can earn tokens by examining, evaluating, and producing brand designs, marketing collateral, music, and other content. An excellent method to get started is contributing one’s abilities to cryptocurrency projects.
GlamJam creator Jenny “DJen” Schorsch provided her advice on how she created value for the community first before starting to build a brand and invest in cryptocurrencies. “After establishing your community, you may begin producing their income and assets. I began utilizing NFTs for ticketing and approved sponsorship from Web3 corporations for my preferred projects. Before I knew it, I was receiving cryptocurrency offers to participate in events,” she added.
Contrary to popular belief, fiat money and a bank account are optional to engage with blockchains and cryptocurrencies. Aspiring bitcoin investors can earn cryptocurrency and NFTs with little work and no initial investment other than their time.